TXO Partners (NYSE:TXO) Issues Earnings Results

TXO Partners (NYSE:TXO) released its quarterly earnings results on Thursday. The company reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.67), Zacks reports. TXO Partners had a net margin of 4.62% and a return on equity of 3.64%.

TXO Partners Stock Performance

TXO Partners stock remained flat at $12.54 during trading on Thursday. The company had a trading volume of 95,192 shares, compared to its average volume of 185,505. The stock has a fifty day moving average price of $11.49 and a two-hundred day moving average price of $12.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.48 and a quick ratio of 0.48. TXO Partners has a 52-week low of $10.12 and a 52-week high of $20.24. The stock has a market capitalization of $686.94 million, a PE ratio of 31.35 and a beta of 0.13.

Insider Activity

In other news, CAO Scott T. Agosta sold 10,689 shares of TXO Partners stock in a transaction on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total transaction of $129,016.23. Following the transaction, the chief accounting officer owned 205,474 shares in the company, valued at approximately $2,480,071.18. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brent W. Clum sold 19,571 shares of the stock in a transaction that occurred on Saturday, January 31st. The stock was sold at an average price of $12.07, for a total transaction of $236,221.97. Following the completion of the sale, the chief executive officer owned 827,574 shares of the company’s stock, valued at approximately $9,988,818.18. The trade was a 2.31% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 38,386 shares of company stock worth $463,319.

Hedge Funds Weigh In On TXO Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TXO. JPMorgan Chase & Co. bought a new stake in shares of TXO Partners in the 4th quarter valued at $5,586,000. First Trust Advisors LP purchased a new stake in shares of TXO Partners during the 2nd quarter worth approximately $5,830,000. Energy Income Partners LLC lifted its position in shares of TXO Partners by 26.0% during the third quarter. Energy Income Partners LLC now owns 1,139,085 shares of the company’s stock worth $16,004,000 after acquiring an additional 234,808 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in TXO Partners by 12.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,034,567 shares of the company’s stock valued at $21,709,000 after buying an additional 226,600 shares during the period. Finally, Pin Oak Investment Advisors Inc. grew its position in TXO Partners by 39.2% in the third quarter. Pin Oak Investment Advisors Inc. now owns 382,702 shares of the company’s stock worth $5,377,000 after acquiring an additional 107,724 shares in the last quarter. 27.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TXO has been the topic of several recent analyst reports. Weiss Ratings cut shares of TXO Partners from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. Raymond James Financial set a $18.00 target price on shares of TXO Partners in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

TXO Partners Company Profile

TXO Partners is an independent upstream oil and natural gas company focused on the acquisition, development and production of unconventional resource plays in the United States. The firm holds working interests in producing and non-producing acreage, primarily targeting liquids-rich areas to optimize cash flow generation and capital efficiency. Its core business involves identifying under-developed assets, engineering cost-effective drilling programs and applying advanced completion techniques to enhance well performance.

The company’s operations are concentrated in key domestic basins, where horizontal drilling and multi-stage fracturing have unlocked significant reserves.